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New York-based Pioneer Special Risk, a unit of Pioneer Underwriting Ltd., on Wednesday said it has begun underwriting allied health care professional and general liability through Lloyd’s of London.
Coverage will be available in all 50 states and Washington, D.C., Pioneer Underwriting said Wednesday in a statement. Limits will vary by state but will typically be $1 million to $3 million, a spokesman for Pioneer Special Risk said.
Minimum premiums were not disclosed, the spokesman said.
Allied health care underwriting will be led by Chicago-based Jim Stewart, senior vice president of Pioneer Special Risk.
Pioneer Special Risk targets ambulatory health care facilities with an emphasis on home health care, laboratories, pharmacies, medical spas, imaging centers, hospice, rehab, surgical centers, organ and tissue banks, substance abuse and community health centers, according to the statement.
“This is a significant milestone in Pioneer’s strategy to expand its product offering in the U.S.,” Gary Dubois, New York-based president of Pioneer Special Risk, said in the statement. “Jim brings a wealth of knowledge, credibility and great market relationships to our organization.”
BMS Associates Ltd., the holding company for brokerage BMS Group Ltd. and underwriting business Pioneer Underwriting Ltd., has been renamed Minova Insurance Holdings Ltd., the company announced Monday.